Fund Accounting and Administration Product Owner - Insurance Accounting, Vice President at State Street

Job description

Who we are looking for We are seeking a senior business Product Owner for the Insurance Accounting product within State Street’s Fund Accounting and Administration platform. This role represents accounting, operational, regulatory, and client needs and serves as a senior business authority across complex functional areas and strategic initiatives. This is not a technical product owner role . While the position partners closely with technology and development teams, accountability is focused on business requirements, accounting logic, client outcomes, regulatory compliance, product strategy and prioritization , rather than system architecture or technical solution design. Why this role is important to us The Vice President, Product Owner plays a critical role in ensuring that product capabilities and enhancements accurately reflect insurance and investment accounting requirements and deliver meaningful value to clients. By acting as the voice of the business, this role ensures solutions are fit for purpose, compliant, and aligned with product strategy, while enabling efficient and effective delivery through agile development teams. The role also drives alignment across business and technology stakeholders, and supports investment decisions for complex, multi-year initiatives. What you will be responsible for As the Vice President, Product Owner, you will act as a senior business lead and subject matter expert for the Insurance Accounting product and related strategic initiatives. Responsibilities include: • Serving as one of the primary business authorities for insurance accounting functionality and related reporting • Communicating product direction and measurable business outcomes for assigned product capabilities • Leading complex product initiatives and enhancements that span multiple business processes, client segments, or delivery teams • Engaging clients and internal stakeholders to understand needs, priorities, and impacts • Leading business analysis and functional design efforts; creating clear business design documents and requirements • Defining accounting ledger entries, multi-cost basis behavior, and accounting outcomes for enhancements • Establishing needs for reporting solutions and ensuring alignment with accounting, regulatory, and client requirements • Translating business and accounting requirements into well-defined epics, features, user stories, and acceptance criteria • Providing business use cases and functional testing scenarios • Providing senior-level oversight of testing strategy and validating accounting accuracy, control effectiveness, and business outcomes • Partnering with product management, development, operations, client service, and other stakeholders to manage dependencies, resolve issues, and maintain an actionable backlog • Assisting with product roadmaps and longer-term functional direction, including recommendations for modernization • Overseeing delivery of enhancements through iterative planning, prioritizing business value and client impact • Identifying cross-product and data dependencies and driving alignment across accounting, reporting, operational, and client-facing capabilities • Creating and maintaining user documentation • Delivering training sessions, and product demonstrations for internal teams and current or prospective clients • Supporting software maintenance and client service teams with business-level troubleshooting • Assisting onboarding teams and clients with conversions and implementations, as needed What we value The following skills and attributes will help you succeed in this role: • Strategic product leadership and the ability to translate business objectives into clear product direction and priorities • Strong problem-solving and decision-making skills, including the ability to make informed decisions in complex or ambiguous situations • Deep analytical and research capabilities • Sound accounting judgment and attention to financial details • Ability to manage multiple priorities and initiatives simultaneously • Clear and effective communication with a wide range of stakeholders • Strong presentation and written communication skills • Ability to build alignment and drive accountability across complex initiatives • Excellent time management and organizational skills • Proficiency with Microsoft tools (Copilot, Teams, Excel, PowerPoint, etc.) Education & Preferred Qualifications • Bachelor’s degree in accounting or a related field; advanced degree, CPA, CFA, or relevant product experience is preferred. • 12 years of experience as a business Product Owner, product leader, or senior end user of insurance, fund accounting, or financial software OR 12 years of experience as a senior business analyst, business Product Owner, or product leader supporting financial or accounting platforms • Demonstrated experience leading complex product initiatives • Strong experience with insurance accounting and/or investment accounting, including complex asset classes (e.g., fixed income, derivatives, mortgage loans, alternative investments) • Knowledge of inbound and outbound data flows across the investment lifecycle (e.g., trade processing, cash, market data) • Experience leading within an agile software development environment as a business Product Owner, product leader, or senior business analyst • Significant experience working directly with clients and other stakeholders • Experience with AI tools and applying them to improve product development, analysis, and day-to-day business processes This role does not require hands-on software development, system architecture design, or technical solution ownership. Are you the right candidate? Yes! We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit. Salary Range: $110,000 - $188,750 Annual The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ. Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans. For a full overview, visit hrportal.ehr.com . About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Requirements

Must-haves

Who we are looking for
Why this role is important to us
What you will be responsible for
As the Vice President, Product Owner, you will act as a senior business lead and subject matter expert for the Insurance Accounting product and related strategic initiatives. Responsibilities include:
Serving as one of the primary business authorities for insurance accounting functionality and related reporting
Communicating product direction and measurable business outcomes for assigned product capabilities
Leading complex product initiatives and enhancements that span multiple business processes, client segments, or delivery teams
Engaging clients and internal stakeholders to understand needs, priorities, and impacts
Leading business analysis and functional design efforts; creating clear business design documents and requirements
Defining accounting ledger entries, multi-cost basis behavior, and accounting outcomes for enhancements
Establishing needs for reporting solutions and ensuring alignment with accounting, regulatory, and client requirements
Translating business and accounting requirements into well-defined epics, features, user stories, and acceptance criteria
Providing business use cases and functional testing scenarios
Providing senior-level oversight of testing strategy and validating accounting accuracy, control effectiveness, and business outcomes
Partnering with product management, development, operations, client service, and other stakeholders to manage dependencies, resolve issues, and maintain an actionable backlog
Assisting with product roadmaps and longer-term functional direction, including recommendations for modernization
Overseeing delivery of enhancements through iterative planning, prioritizing business value and client impact
Identifying cross-product and data dependencies and driving alignment across accounting, reporting, operational, and client-facing capabilities
Creating and maintaining user documentation
Delivering training sessions, and product demonstrations for internal teams and current or prospective clients
Supporting software maintenance and client service teams with business-level troubleshooting
Assisting onboarding teams and clients with conversions and implementations, as needed

Nice-to-haves

Education & Preferred Qualifications
Bachelor’s degree in accounting or a related field; advanced degree, CPA, CFA, or relevant product experience is preferred.

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agileai

Platform: workday
Effort: long

Benefits

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Dental

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401k